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Euro Drops to Fresh 2012 Lows; Fear and Panic Dominate Trade
The Euro is also oversold and yet, given the fundamental outlook above, things could still get much uglier. Normally, we might recommend looking to fade the risk off trade, but given just how scary markets are right now, the best place is probably on ...
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USD Index (USDX) Pushes Above 2012 High; 83.60 In Sight
Risk aversion continues a firm grip on the markets and the USD continues to gain from safe haven flow. After consolidating briefing below 82.00, the USDX pushes above this resistance and 2012 high and is at the highest level sine September 2010.
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EURUSD Looks Toward Years Key Low Levels
The prior post on the EURUSD outlined topside resistance against trend line and 38.2% resistance. The sellers entered a few pips ahead of the topside trend line resistance (at 1.2985 vs 1.2987) and the rotation back down resumed....more.
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Daily Technical Strategist: EURUSD
EURUSD: Having reversed its corrective recovery, the pair is on the verge of resuming its broader weakness.
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BoE Minutes: MPC Split 8-1 On QE
Bank of England's Monetary Policy Committee (MPC) decided to halt GBP 325 billion bond purchase programme in May through a split vote, the minutes of the meeting showed Wednesday. Governor Mervyn King and seven other members voted to ...
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Crude Oil Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendations:Crude Oil continued its decline, trading at 92.25 down 0.60. Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of
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NZD/USD Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendation: (close of the Asian session)The NZD/USD is trading at the end of the Asian session at 0.7669. The kiwi rallied almost 1 cent as investors digested the Group of Eight leaders’ pledge to support growth policies in
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SUPPORT & RESISTANCE FOR MCX MARKET FOR TODAY
Gold Demand affected as rupee declineis to record new !!
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US corn claws back part of 5 pct tumble
US Agriculture Department report released late Monday showed farmers were almost done with spring planting and that the corn crop was in good shape, which added a bearish tone over the markets. * USDA said on Monday afternoon that planting accelerated ...
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Malaysia-Market factors to watch May 23
... April inflation flat ----------------------MARKET SNAPSHOT @ 0018 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1316.63 0.05% 0.640 USD/JPY 80.02 0.08% 0.060 10-YR US TSY YLD 1.7671 -- -0.010 SPOT GOLD 1562.86 -0.32% -5.040 US CRUDE ...
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EU Summit result outlook May 23 2012
Investors will also be watching whether European leaders can come up with fresh measures to contain the euro zone's debt crisis as the problem escalates from concerns about a Greek exit to Spain's banking instability.
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Daily Forex Fundamentals - May 23, 2012
Looks like the Greenback snatched back its crown as the king of pips! Check out my recap on what influenced price action yesterday.


